pull down to refresh
252 sats \ 2 replies \ @freetx 15h \ on: Alex Karp blasts 'Big Short' investor Michael Burry as 'bats--- crazy" econ
I generally think Burry is wrong. Not from a principled standpoint, he's right that we are in a massive "bubble". Rather, I think he doesn't understand the money printing is not going to stop and must accelerate.
Burry to me seems to argue "how a free-market should behave" instead of recognizing we are a completely controlled economy.
Even his famous "big short" was only true for a few years....the REIT bubble complete re-inflated.
Another key difference between this and the real estate bubble was that individual consumers, moms and pops, were leveraging to their eyeballs to buy houses during the real estate bubble. Not sure how much leverage is being used, especially by retail, to buy ai stocks
reply
"The market can stay irrational longer than you can stay solvent."
-John Maynard Keynes
reply